MOSCOW (MRC) -- PPG Industries said it reached an agreement to buy Westmoreland Supply, an independent paint distributor with 12 stores that will further boost PPG’s regional retail footprint, said the company in its press release.
Financial terms were not disclosed. The stores -- 11 in Western Pennsylvania and one in West Virginia -- will be rebranded under the PPG Paints store name.
Most of Westmoreland Supply’s 40-plus employees will likely work for PPG when the sale closes, PPG said. Downtown-based PPG expects the deal to be finalized before the end of the year.
PPG has more than 900 company-owned stores in North America.
In June, PPG said it was acquiring 13 stores from Masterwork. Those stores are in Pennsylvania, Ohio, and New York.
As MRC wrote before, PPG Industries Inc. PPG said its third-quarter earnings rose 64% amid broad sales growth across its main business segments. The Pittsburgh company has turned to acquisitions as part of its efforts to transform itself into a company focused more on paints and coatings.
PPG Industries, Inc. (PPG) is a global supplier of protective and decorative coatings. Performance Coatings, Industrial Coatings and Architectural Coatings- EMEA segments supply protective and decorative finishes for customers in a range of end use markets, including industrial equipment, appliances and packaging; factory-finished aluminum extrusions and steel and aluminum coils; marine and aircraft equipment; automotive original equipment; and other industrial and consumer products. The Optical and Specialty Materials segment consist of the optical products and silicas businesses. PPG is a producer and supplier of basic chemicals. Glass segment produces flat glass and continuous-strand fiber glass. In July 2014, PPG acquired Masterwork Paint Co. In July 2014, the Company announced that its North American architectural coatings business has completed acquisition of The Homax Group, Inc., supplier of decorative wall and ceiling texture repair products, from Olympus Partners.
MRC